Japan's Financial Services Agency Hosts The First Meeting For Discussion On The Future Japanese Corporate Accounting Framework

The meeting was held on July 31, 2008, to enable discussion on the future Japanese corporate accounting framework. The participants of the meeting include representatives of the standard-setters of the Japanese corporate accounting as well as experts in this area from the academia and the private sector.

The major views expressed at the meeting are summarized in Attachment 1.

(Attachment 1) Major views expressed at the first meeting for discussion on the future Japanese corporate accounting framework (July 31, 2008) (provisional translation)(PDF:101K)

(Attachment 2) Idea of prioritizing the advanced review of standards for consolidated financial statements under the Financial Instruments and Exchange Act (provisional translation?(PDF:31K)